Where is my Pension Gordon?
Gordon Brown's £5bn tax on pension funds in 1997 and subsequent years has meant that many people have lost pensions. This has taken ten years to become an issue, (if you are of a conspiracy mind you will say the papers have been saving this one).
Ed Balls has been forced to retract claims that the CBI had fully supported the chancellor's pensions policy this has been one of the worst spin jobs in recent years with the CBI fighting there corner and proving that Ed was lying. The accountants Grant Thornton say that the tax rise has so far has cost Britons with private pensions £60 billion, or £3,000 each. The analysis predicts that it will have cost pensioners £200 billion by 2017, or £10,000 per person. Yet Gordon’s silence is deafening.
Gordon Brown's £5bn tax on pension funds in 1997 and subsequent years has meant that many people have lost pensions. This has taken ten years to become an issue, (if you are of a conspiracy mind you will say the papers have been saving this one).
Ed Balls has been forced to retract claims that the CBI had fully supported the chancellor's pensions policy this has been one of the worst spin jobs in recent years with the CBI fighting there corner and proving that Ed was lying. The accountants Grant Thornton say that the tax rise has so far has cost Britons with private pensions £60 billion, or £3,000 each. The analysis predicts that it will have cost pensioners £200 billion by 2017, or £10,000 per person. Yet Gordon’s silence is deafening.
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